I am always amazed at the "diversity" of opinion as regards success in
the financial markets. I skimmed through some of the responses and noticed
a comment by Acrary, (Alan was a contemporary of mine with what seemed to
be a similar background). He suggested that boredom is the primary emotion
a professional might experience while waiting for the results of a strategy to play
out. This has also been my experience. For me, the "business" of trading
(professionally) is very mechanical. One has to be able to "compartmentalize" and
have control of their emotions in order to make this a viable life choice.
By the way, I remember a time when Alan's wife (I think it was his wife) executed his
trades on a website (might even have been here at ET) while he was away, or doing
other things. She characterized the process as similar to going fishing.....you throw a
line in the water and wait (and wait) for the result. I feel the same way.
the financial markets. I skimmed through some of the responses and noticed
a comment by Acrary, (Alan was a contemporary of mine with what seemed to
be a similar background). He suggested that boredom is the primary emotion
a professional might experience while waiting for the results of a strategy to play
out. This has also been my experience. For me, the "business" of trading
(professionally) is very mechanical. One has to be able to "compartmentalize" and
have control of their emotions in order to make this a viable life choice.
By the way, I remember a time when Alan's wife (I think it was his wife) executed his
trades on a website (might even have been here at ET) while he was away, or doing
other things. She characterized the process as similar to going fishing.....you throw a
line in the water and wait (and wait) for the result. I feel the same way.
